BI Asset Management Fondsmaeglerselskab A S Has $5.50 Million Stock Position in Las Vegas Sands Corp. $LVS

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 251.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,456 shares of the casino operator’s stock after purchasing an additional 60,406 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Las Vegas Sands were worth $5,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LVS. Mackenzie Financial Corp increased its position in Las Vegas Sands by 0.3% during the third quarter. Mackenzie Financial Corp now owns 53,945 shares of the casino operator’s stock worth $2,902,000 after buying an additional 156 shares during the last quarter. Parallel Advisors LLC grew its stake in Las Vegas Sands by 7.8% in the 3rd quarter. Parallel Advisors LLC now owns 2,449 shares of the casino operator’s stock valued at $132,000 after buying an additional 177 shares during the last quarter. Alps Advisors Inc. grew its stake in Las Vegas Sands by 2.4% in the 3rd quarter. Alps Advisors Inc. now owns 8,528 shares of the casino operator’s stock valued at $459,000 after buying an additional 197 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in Las Vegas Sands by 5.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 4,945 shares of the casino operator’s stock valued at $266,000 after acquiring an additional 258 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in Las Vegas Sands by 4.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,859 shares of the casino operator’s stock worth $446,000 after acquiring an additional 279 shares during the last quarter. 39.16% of the stock is owned by institutional investors.

Insider Activity at Las Vegas Sands

In other news, CEO Patrick Dumont sold 60,165 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $54.75, for a total transaction of $3,294,033.75. Following the completion of the sale, the chief executive officer owned 511,942 shares of the company’s stock, valued at approximately $28,028,824.50. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LVS. Wall Street Zen cut Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Morgan Stanley lifted their price target on Las Vegas Sands from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Citigroup boosted their price target on Las Vegas Sands from $76.75 to $78.50 and gave the company a “buy” rating in a research note on Monday, April 13th. Stifel Nicolaus upped their price objective on Las Vegas Sands from $72.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Jefferies Financial Group increased their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

Las Vegas Sands Stock Performance

NYSE:LVS opened at $50.30 on Monday. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.14 and a beta of 0.81. Las Vegas Sands Corp. has a fifty-two week low of $40.03 and a fifty-two week high of $70.45. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a fifty day moving average price of $52.87 and a 200-day moving average price of $57.82.

Las Vegas Sands (NYSE:LVS) last posted its quarterly earnings results on Wednesday, April 22nd. The casino operator reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. Las Vegas Sands had a return on equity of 118.27% and a net margin of 13.41%.The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Las Vegas Sands’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, equities analysts anticipate that Las Vegas Sands Corp. will post 3.38 EPS for the current fiscal year.

Las Vegas Sands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. Las Vegas Sands’s payout ratio is presently 44.44%.

Las Vegas Sands Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.